Rail Vikas Nigam (RVNL), a CPSE under the Ministry of Railways,was incorporated in 2003 to raise non-budgetary resources for implementation of rail capacity augmentation projects and their implementation on a fast-track basis.
'It is time we see an action-oriented approach from the industry,' says Hardeep S Puri, Minister of State, Housing and Urban Affairs Ministry Affordable housing has been accorded 'infrastructure status'under the harmonised master list of infrastructure subsectors.
The domestic construction sector is expected to get a major boost from Indian Railways’ (IR) capex plans, estimated at over Rs 650 billion per year, over the next three to five years. The IR is in the midst of a transformational journey to upgrade its infrastructure and gain the lost market share from the roads sector.
In Kochi—in God’s own country—the Metro is a fully elevated, 25.612-km corridor. Aligned along the north-south axis on the National Highway, it comprises 22 stations. “We are completing 11 out of 22 stations for the first phase,” shares Elias George, Managing Director, Kochi Metro Rail (KMRL). “We need to get the approval for the second phase, which is from JLN Stadium to Info Park.”